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Iamgold Corporation (IAG) [hlAlert]

Rating:
Buy IAG
down 89.77 %

Iamgold Corporation (IAG) rated Buy with price target $21.50 by UBS

Posted on: Tuesday,  Dec 22, 2009  8:25 AM ET by UBS

UBS rated Buy Iamgold Corporation (NYSE: IAG) on 12/22/2009, when the stock price was $15.35. Since
then, Iamgold Corporation has lost 89.77% as of 11/25/2015's recent price of $1.57.
If you would have followed this UBS's recommendation on IAG, you would have lost 89.77% of your investment in 2164 days.

IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/22/2009 8:25 AM Buy
None
15.35 21.50
as of 12/31/2009
1 Week up  19.46 %
1 Month up  22.73 %
3 Months   
1 YTD up  22.73 %

(*) Stock Price at the time of the recommendation.
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